The daily exchange rate of one dollar in euros during the first three months of 2007 can

Question:

The daily exchange rate of one dollar in euros during the first three months of 2007 can be inferred to have the following distribution.

XP(x)

0.73 ...0.05

0.74 ...0.10

0.75 ...0.25

0.76 ...0.40

0.77 ...0.15

0.78 ...0.05

Find the mean and the standard deviation of the dollar to euros exchange rate.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...